Gold Pushes Toward Fresh Record as Tensions Rise in Middle East
- Iran fired over 300 drones, missiles; most were intercepted
- Bullion has risen almost 20% since the middle of February
Spot gold climbed 0.8% to $2,361.92.
Photographer: Chalinee Thirasupa/BloombergThis article is for subscribers only.
Gold rose as demand for the haven asset grew amid fears of escalating tensions in the Middle East following Iran’s unprecedented attack on Israel over the weekend.
Bullion rose as much as 1.7% on Monday as the conflict in the Middle East entered a dangerous new phase, edging closer to last week’s new record high. The Islamic Republic fired more than 300 drones and missiles against Israel, though most were intercepted and there were no fatalities reported.